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CBS
Dec 26, 2012 4:00am PST
fiscal cliff stalemate. benefits from the farm bill also guarantee rice farmer l.g. ron that his costs are covered when crops are bad or demand drops. >> so you would be out of it if there was no subsidy? >> i will be looking for another job. absolutely. >> because you just can't make enough money to make a go of it? >> those risks are too great. i could lose it all. if the market -- if i plant rice and the market price is $12 and the next four months it goes down to $6, i lost $1 million in that time period. i can't sustain that. i'm broke in one year. >> reporter: the paramilitary bill impacts much more than rural america. 80% of the bill's $1 trillion in spending covers food stamps, school lunches, forest conservation, and renewable fuel. >> we're sitting right here in limbo waiting on our lame-duck congress to see if actually they will take up and reauthorize a new farm bill. >> he needs answers soon. the planting season is just weeks away. anna westerner, cbs news, eagle lake, texas. >>> coming up after your local news on cbs this morning, last minute travel bargains. this is "the
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